Based on available information, lead time demand for PC jump drives averages 5151 units (normally distributed),...
Based on available information, lead time demand for PC jump drives averages
5151
units (normally distributed), with a standard deviation of
66
drives. Management wants
aa
9090%
service level. Refer to the standard normal table
LOADING...
for z-values.
a) What value of Z should be applied?
▼
2.06
1.65
1.04
1.28
b) How many drives should be carried as safety stock?
nothing
units (round your response to the nearest whole number).
c) What is the appropriate reorder point?
nothing
units (round your response to the nearest whole number).
Homework Answers
Reorder point is the quantity level that is reached when the inventory on hand drops to this level. The four determinants of the reorder point quantity are the usage rate, lead time, demand variability, lead time variability and the degree of stock out risk.
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Based on available information, lead time demand for PC jump
drives averages
5151
units (normally distributed),...
Based on available information, lead time demand for PC jump drives averages 53 units (normally distributed),...
Based on available information, lead time demand for PC jump
drives averages 53 units (normally distributed), with a standard
deviation of 5 drives. Management wants a 95%
service level. Refer to the standard normal table for
z-values.
a) What value of Z should be applied?
(1.04/1.28/2.06/1.65)
b) How many drives should be carried as safety stock?
__________ units (round your response to the nearest whole
number).
c) What is the appropriate reorder point? __________ units
(round your response to the...
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Demand during lead time for one brand of TV is normally distributed with a mean of 36 TVs and a standard deviation of 15 TVs. What safety stock should be carried for 90% service level? What is the appropriate reorder point? Click the icon to view the normal table What safety stock should be carried for a 90% service level? Safety stock units (round your response to the nearest whole number).
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4) S uppose that lead-time demand is normally distributed with a mean of 100 units and...
4) S uppose that lead-time demand is normally distributed with a mean of 100 units and a standard deviation of 20 units, If the firm wants to maintain 92% service Jevel, what should the reorder point be? 2-1.88 Pop-137.6units 5) We use 1,500 per year of a certain subassembly that has an annual holding cost of $45 placed costs us $150. We operate 300 days per year and have found that an order must be placed with our supplier 6...
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Based on available information, lead time demand for PC jump
drives averages 53 units (normally distributed), with a standard
deviation of 5 drives. Management wants a 95%
service level. Refer to the standard normal table for
z-values.
a) What value of Z should be applied?
(1.04/1.28/2.06/1.65)
b) How many drives should be carried as safety stock?
__________ units (round your response to the nearest whole
number).
c) What is the appropriate reorder point? __________ units
(round your response to the...
Meena Distributors has an annual demand for an airport metal detector of 1,360 units. The cost of a typical detector to Meena is $400. Carrying cost is estimated to be 18% of the unit cost, and the ordering cost is $27 per order. If Purushottama Meena, the owner, orders in quantities of 300 or more, he can get a 5% discount on the cost of the detectors. Should Meena take the quantity discount? What is the EOQ without the discount?...
Demand during lead time for one brand of TV is normally distributed with a mean of 36 TVs and a standard deviation of 15 TVs. What safety stock should be carried for 90% service level? What is the appropriate reorder point? Click the icon to view the normal table What safety stock should be carried for a 90% service level? Safety stock units (round your response to the nearest whole number).
Z-Table Z Pr(Z) 0.38 65 0.50 69 0.67 75 0.84 80 1.04 85 1.28 90 92 1.41 1.56 94 1.65 95 1.75 96 98 2.06 2.33 99 Chicago's Hard Rock Hotel distributes a mean of 800 bath towels per day to guests at the pool and in their rooms. This demand is normally distributed with deviation of 105 towels per day, based on occupancy. The laundry firm that has the linen contract requires a 4-day lead time. The hotel expects...
Cooper Company has average demand of during lead time is 20 units Te item costs S75 and inventory carrying cost is 24%, S0 units per day. Lead time from the supplier averages 20 days. The combined standard devlation of demand Use the following information to answer the question that follows 1 standard deviation covers 84.13% 1.04 standard deviations covers 85% 1.28 standard deviations covers 90% 1.65 standard deviations covers 95% 1.96 standard deviations covers 97.5% 2 standard deviations covers 97.72%...
4) S uppose that lead-time demand is normally distributed with a mean of 100 units and a standard deviation of 20 units, If the firm wants to maintain 92% service Jevel, what should the reorder point be? 2-1.88 Pop-137.6units 5) We use 1,500 per year of a certain subassembly that has an annual holding cost of $45 placed costs us $150. We operate 300 days per year and have found that an order must be placed with our supplier 6...
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